Defaults

andy.1987

Hopefully someone will be able to help me here i defaulted on my hbos loan in the middle of 2010 and i have made the final payment to the debt collectors today. how long does it take for the default to come off my file will it be 6 years from now or 6 years from the initial default???
thanks

happy_bunny_2

6 years from default date, paid or not.

fermi

6 years from the original "default date" recorded on your credit file.

andy.1987

Ah thanks i was thinking 6 years from today not quite so bad

Kt13

So say I have a default on Lloyds of £880 which states a default date of 6th May 2013.

This will drop off on 6 May 2019 then? even if it takes until next year to settle the debt with them, its not another 6 years from final payment date. (in a payment plan now).

cheers

fermi

---> https://forums.moneysavingexpert.com/discussion/4756875

Kt13

Thanks Fermi